The declining trend in food price inflation globally may not hold true for inflationary trends faced domestically due to a weakening Indian Rupee vis-a-vis the US Dollar. The recently released FAO Food Price Index (nominal) has shown a declining trend in July for the third consecutive month owing to lower international prices for grains, soy & palm Oil, meat, dairy and sugar. (See links below) Based on FAO Food Price...
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Wholesale price inflation likely edged up to 5 per cent in July
-Reuters BANGALORE: Inflation likely picked up slightly in July as its falling currency pushed up the price of imports, making raw materials more costly, and on rising food prices, a Reuters poll showed. Wholesale prices, India's key inflation measure, rose an annual 5 percent last month, the poll of 30 economists showed, hitting the ceiling of the Reserve Bank of India's commonly perceived comfort level. That was up slightly up from June's 4.89...
More »Schools for scandal -Anil Sadgopal
-Frontline The midday meal scheme is a grand idea in a flawed school system. "THEY played here, studied here and got buried here!" (Yahin khela, yahin padha aur yahin ho gaya dafan). With these emphatic words, grieving parents buried the bodies of two children within the compound of the Dharmasati Gandaman Primary School of Masharakh block in Saran district of Bihar. This sentiment was expressed with great dignity even in the...
More »Food prices fall for third consecutive month–UN agency
-The United Nations Global food prices declined for the third consecutive month, largely driven by lower international prices for grains, soy and palm Oil, while sugar, meat and dairy prices were also down, the United Nations Food and Agriculture Organization (FAO) reported today. The Rome-based agency said its Food Price Index averaged 205.9 points in July, which is 4 points below June and 7 points lower than in July 2012. The Index measures...
More »LPG distributors want government to delay Direct Cash Transfer scheme -Mitul Thakkar & Shreya Jai
-The Economic Times NEW DELHI: It is not only the opposition parties but cooking gas distributors also want the UPA government to delay the implementation of direct benefit transfer of liquefied petroleum gas (LPG) scheme. They fear there would be problems and errors in meeting the stiff timelines as authorities rush to transfer cash directly to the bank accounts of 14 crore consumers before general election next year. "The government is in...
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